Trittium — Weekly Report #103
Aug 9 to Aug 16
1.- WHAT DID THE MARKET DO?
Another awesome week. We are officially into a bull market cycle, and the money is coming into the crypto markets continuously.
This week $ 16,000 million entered into the crypto market (+4.48%), and this chart I posted some weeks ago should be our new guide now:
About the Bitcoin price, we saw how the past week chart showed a symmetric triangle. As expected, we broke it by the upper side, taking the BTC price from 11,686 to the actual 12,000 USD level.
So we continue trying to break now the 12,000 USD resistance. I guess we will do it at some point. Later, 12,500 could be another resistance to reach higher levels. Anyway, as we saw in the total market chart, money is coming into crypto, so I hope everything will go smoothly.
Another citical point is the Bitcoin Dominance, as we saw several Alts moving to higher prices, even on price discovery situation (LINK).
Once we didn’t go higher on the previous week (62% area could be a dominance rebound zone) we broke such level, and I guess we will find support again around the 58% dominance area. We are actually at 60.57%, so we should see more money invested in alts in the next days.
MASTERNODES MARKET
Dash capitalization is now around 914 USD Million, $30 million lower than seven days ago (-3.17%).
The Dash dominance went down to 39.7%, that’s one point lower than seven days ago.
The total masternode market capitalization went down to 2,305 USD million. (-2.94%.).
If we check today’s data, we have:
Masternodes total market capitalization: 2,305 million. (-2.94%).
Masternodes market excluding $Dash: 1,391 USD million. (+1.38%)
About Trittium market capitalization, we are now at 996,425 USD
(+31.02%).
With 204 K nodes running, we have a similar amount than seven days ago.
2. WHAT DID TRITTIUM DO?
This was the order book on August 9:
And this is today, August 16:
In summary:
- The average trade price is much higher, at around 65 sats.
- The buy orders book is higher, with 0.248 BTC in buying orders.
- The sell orders book is thinner with 355,421 Trtt for sale.
- We have now 43,650,000 TRTT (33,77%) coins locked, 3,000,000 more than seven days ago.
3. PROJECT PROGRESS
- Twitter: 1,215 Followers. (+2)
- Discord: 8,056 (+98).
PoCoN last week:
Burned: 28,294
Sent to investors: -
- Trtt total coins burned: 6,435,476 Trtt.
- Trtt total coins sent to investors: -
Burning address: https://chains.trittium.cc/TRTT/address/TRCryptoLifeDotNetBurnAddrXXX6gvik
Rewards address: https://chains.trittium.cc/TRTT/address/TT8AtYfiP1JXHzPRwpWyPK47WiDbV43MJE
4.- trttLoans Project
Guides have been released this week. We continue working hard on this new business area:
Loans Platform presentation:
Trtt Loans, Peer to Peer lendings The trttLoans platform, the P2P solution for lenders and borrowers!!!
How to create a lending request on the Loans platform:
How to lend money to an existing Loan application.
5. trttNodes PROGRESS.
Trittium launched a new support and Knowledge portal.
From here will be easier for everyone to check any info related to the Trittium Project. You will find, in an easy way, all the articles related to the different areas where Trittium offer their services.
In case you don´t find the answer you can submit a ticket.
https://support.loans.trittium.cc/portal/en/home
Running nodes at the platform:
2,295 (+70)
Thanks for reading!!!!
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